Greece

Greece’s Supreme Administrative Court has blocked the planned privatization of the country's biggest state-owned water utility, Athens Water Supply and Sewage Company (EYDAP), on the grounds that such a decision could endanger public health. The government had decided earlier in the...

An overwhelming majority in Thessaloniki rejects the planned privatization of the local water and sewage company, EYATH, according to an unofficial referendum on the subject held alongside Sunday's municipal and regional elections in Greece. Ninety eight percent of Thessaloniki residents are against the Greek government's water...

The citizens of Thessaloniki, northern Greece are invited to vote on Sunday in an unofficial referendum concerning water privatization while casting their ballot in the local and regional elections.  In 2011, the Greek government announced its plans to privatize Eyath, the...

Moving quickly to fill the critical seat of the country's privatization board after its former chief quit following being charged with breach of duty as Chief Executive of the state utility PPC, the Greek government on March 11 named...

Greece's Ministry of Culture is asking from the Ministry of Shipping to withdraw a building from the concession of Piraeus Port to China's Cosco, a Kathimerini report says. According to the newspaper, General Secretary of the Ministry of Culture Maria...

After refusing to sign concession contracts resulting in stalling the privatization procedures of the Thessaloniki Port Authority (OLTH) for over two months, Shipping Minister Theodoros Dritsas is out of a job. Dritsas' departure from his post has officials close to the...

  Eurozone finance ministers said they could not give a commitment on significant debt relief for Greece before next year’s German elections. Germany's Finance Minister Wolfgang Schaeuble led the bloc of ministers opposed to debt relief for Greece, pouring cold...

The sale of the Cassiope property in Corfu by the Greek State will be completed on November 9, four years and nine months after the privatization procedures began. NCH Capital will pay 23 million euros and will acquire 100% of...

Greek Lawmakers voted in favor of the omnibus bill of prior actions on Tuesday that were passed by relevant parliamentary committees the day earlier. After a heated debate, 293 MPs voted on the law with 152 in favor and 141 against the omnibus...

Greek Government Work Coordination Minister Alekos Flabouraris stated that energy and water will never be privatized in Greece. In an interview to Greek radio, Flabouraris said that the Public Power Corporation (PPC) will not be privatized and the same applies to the...

Water utilities of the two largest cities in Greece may merge. Athens Water Supply & Sewage Co. (EYDAP) and Thessaloniki Water Supply & Sewage Co. (EYATH) may become one company after efforts for their privatization were halted by legal obstacles...

As Prime Minister Antonis Samaras’ hopes of pushing a $17.45 billion spending cut and tax hike plan remained stalled, the Greek Parliament has approved a privatization bill but balked at merging health care funds, including one for journalists, who...

Greece plans to launch tenders to sell or lease a string of state assets, including its biggest refiner and two largest ports, as it battles to pay down debt and meet the terms of an international bailout. The deals will...

While Greeks are struggling with major financial problems, some international investors have found the perfect moment to buy a small part of heaven in the crystal clear waters of the Ionian Sea and the Ambracian Gulf. The islet Pera Nissi...

Greece must push forward with structural reforms, including privatization in certain industries, China's ambassador to the country, Luo Linquan, said Sunday in an interview with Xinhua News Agency. Privatization in sectors including transportation, new energy, electricity and water supply could...